Entrance counseling is required by federal regulations for all first-time borrowers at a school. It gives an overview of the Federal Loans Program and discusses specific topics related to types of loans, interest rates, borrower rights and responsibilities, etc. This counseling session can provide tips and tools for you to develop a budget for managing educational expenses. Loan Entrance Counseling can be completed at studentloans.gov.
Exit counseling is federally mandated when you have stopped attending school or have dropped below half-time, regardless of whether you intend on returning. Student Loan Exit Counseling can be completed at studentloans.gov.
Both Subsidized and Unsubsidized Direct Federal Loans are funded through the Federal Direct Loan program and administered by the federal government.
- Subsidized Loan - the federal government pays the interest on your Subsidized loan while you are enrolled at least half-time. Eligibility for Subsidized Loans is determined by financial need, are for a limited eligibility period, and are available to students seeking an undergraduate degree.
- Unsubsidized Loan - you are responsible for your Unsubsidized loan while enrolled in school. You have the option to pay the interest or defer the payment until after graduation. Eligibility for Unsubsidized loans is available to both undergraduate and graduate level students.
Yes. There are federally mandated aggregate limits that you cannot exceed, dependent on grade level and dependency status. For more information see Types of Aid.
No. While all grant funds are automatically accepted for you, you are able to accept a reduced amount of funds based on your discretion. Please note the following stipulations:
- The funds must be divided evenly over all of the packaged terms in an academic year.
- The minimum loan amount you can accept is $200.
- All subsidized funds must be accepted before accepting/reducing unsubsidized loans.
In order to reduce funds, you need to indicate the revised amount on your award letter or notate a full decline of a loan. Please contact a Financial Aid Counselor if you have any questions about reducing your loan amounts.
You can access your online student Self Service portal to access all account information, including Student Refunds.
Check your Self Service. If it indicates the refund was issued, you may expect to receive a refund check shortly thereafter or a direct deposit the following Friday.
Students with remaining eligibility after tuition and fees are paid can pick up a book voucher in the Student Accounts office.
The FAFSA must be completed each year. The financial aid award year begins with Summer Semester and runs through the following Fall and Spring Semesters. As soon as you receive your W-2's for the previous tax year (or after you file your federal tax return), you should complete your FAFSA (see What is IRS Data Retrieval? section below). If you already completed the FAFSA for the previous year, you will generally have the option of completing a renewal application to save time. You can complete the FAFSA at any time during the term, however, to be considered for maximum aid eligibility you must complete the FAFSA by the following published priority deadline for each semester:
- Summer term: March 15
- Fall term: June 15
- Spring term: October 1
For further information regarding applying for aid at Urbana, please visit our Financial Aid page.
A FSA ID is comprised of a username and password and can be used to login to certain Federal Student Aid websites, such as the Free Application for Federal Student Aid (FAFSA®).
The security of your FSA ID is important. Your FSA ID can be used to:
- Electronically sign Federal Student Aid documents,
- Access your personal records, and
- Make binding legal obligations.
If you are a parent and need to electronically sign your child’s FAFSA, you need your own FSA ID. If you have more than one child attending college, you can use the same FSA ID to sign their applications.
After your name, Social Security number, and date of birth, are verified with the Social Security Administration (SSA), you can use your FSA ID to access these Federal Student Aid systems:
- Agreement to Serve (ATS)
- My Federal Student Aid
If you do not already have an FSA ID and would like to apply for one, select the Create an FSA ID tab on the FSA ID log-in page. For questions regarding the FSA ID please call 1.800.4.FED.AID.
The quickest and easiest way to complete the FAFSA is to fill out the online application for federal student aid. Visit the Financial Aid page of our website. You can also fill out a paper-based version of the FAFSA or complete it over the phone by calling 1.800.4.FED.AID, but the processing time is considerably longer. Urbana University does not supply the paper form.
The Federal Student Aid Information Center (FSAIC) provides FAFSA on the Web Live Help when filling out the FAFSA (click on the Contact Us tab). You can also call FSAIC at 1-800-4-FED-AID (1-800-433-3243). If you are hearing impaired call the TTY line at 1-800-730-8913. You may also schedule an appointment with a Financial Aid Counselor at Urbana. Printing out and completing the FAFSA on the Web Worksheet for the appropriate year prior to filling out the online FAFSA is very helpful.
Important Note: If you make an appointment to complete the FAFSA with an Urbana Financial Aid Counselor, you are required to have an active FSA ID and be prepared with applicable documentation needed (tax returns, etc).
IRS Data Retrieval is an easier way to provide tax information! With just a few simple steps, most students and parents who have completed their IRS tax return will be able to view and transfer their tax information into the FAFSA. Using the IRS Data Retrieval Process, either when initially completing a FAFSA or by using the corrections functionality, provides you with the fastest, easiest, and most secure solution for meeting verification requirements.
IRS Data Retrieval of your 2017 Tax Return Transcript (2019-20 FAFSA) will be available by the middle of February 2018; however, you can complete your FAFSA as soon as you have all of your financial information available (W-2s, other needed financial information). If you file your taxes electronically, IRS Data Retrieval will be available for download to your FAFSA in approximately 2 weeks. If you file a paper tax return, it will be available for download in approximately 8 weeks.
The EFC is the number that's used to determine your eligibility for federal student financial aid. This number results from the financial information provided in the FAFSA application. The EFC is reported on the Student Aid Report (SAR).
The SAR summarizes all the information a student provides on the FAFSA. The SAR will usually contain the EFC. The EFC will appear in the upper right-hand portion of a paper or electronic SAR. The Data Release Number (DRN) will also be on the SAR. You will receive your SAR online if you provided a valid e-mail address on the FAFSA.
No. You are required to complete the FAFSA in order to be considered for state funds. You will be considered for maximum state and federal eligibility according to the EFC reported on your SAR.
Graduate students are not eligible for state grants and for most federal grants. Graduate students are eligible for Teach Grants. The Teach Grant application can be accessed from Financial Aid Forms.
Awards are automatically accepted on your behalf. If you do not want an award, you must print off a copy of your award letter, reduce or decline award on award letter, sign and return award letter to the Financial Aid office.
If you intend to borrow student loans, you must have a completed, signed Master Promissory Note (MPN) and Loan Entrance Counseling on file.
You can access Entrance Counseling and MPN at studentloans.gov.
You are considered an independent student if you meet one of the following criteria:
- 2019-20 FAFSA - Born before January 1, 1996
- If you can provide a copy of a court’s decision that you were an emancipated minor or were in legal guardianship immediately before you reached the age of being an adult in your state (age 18 in Ohio). The court must be located in your state of legal residence at the time the court’s decision was issued.
- Married as of the date you filed the FAFSA application. Urbana will not process mid-year marital status changes.
- Will be a graduate or professional student at the start of the award year
- Currently serving on active duty for purposes other than training
- Are a veteran of the U.S. Armed Forces
- Have dependents other than a spouse for which you provide more than half of their support.
- If at any time since you turned age 13, you had no living parent (biological or adoptive), even if you are now adopted; or you were in foster care, even if you are no longer in foster care today; or you were a dependent or ward of the court, even if you are no longer a dependent or ward of the court today. For federal student aid purposes, someone who is incarcerated is not considered a ward of the court.
- Have been determined at any time since July 1, 2018 for the 2019-20 FAFSA to be an unaccompanied youth who was homeless or self-supporting and at risk of being homeless.
If you do not meet any of the requirements listed above, you are considered dependent and are required to submit parental financial information on your FAFSA and any other applicable financial aid documents.
You may be considered for an appeal if:
- You have mitigating circumstances and supporting documentation that you are no longer in contact with/receive financial support from your parents.
- You are still in contact with your parents, but they are unwilling to provide financial information for the FAFSA, you will need to contact the Financial Aid office to schedule an appointment to complete a Parental Non-Disclosure Appeal.
Contact us to schedule an appointment with a Financial Aid Counselor to discuss the possibility of a appealing and required documentation.
Urbana will not process mid-year marital status changes. We will use the marital status reported as of the day you completed your FAFSA.
Students receiving federal financial aid must meet certain academic standards in order to maintain their eligibility for financial assistance.
- A WARNING status will be assigned for your first offense (except MTF, #3 below).
- If you have failed to maintain all of the conditional stipulations of your WARNING, your status will be updated to SUSPENSION.
- If you exceed MTF at any time, your SAP status will be updated to SUSPENSION.
- You cannot appeal a WARNING status.
- You may appeal a WITHDRAWN status if there were documented extenuating circumstances.
- You are only able to receive up to two approved appeals throughout your academic career at Urbana University. If you have had two appeals approved previously, the current appeal will be automatically denied.
What will my updated status be once a decision has been made?
- If approved, your status will be updated to either PROBATION for one semester or in certain circumstances an ACADEMIC PLAN for up to three semesters.
- If denied, your status will remain SUSPENSION.
For additional information regarding Satisfactory Academic Progress view SAP policy on web.
Verification is a process in which the Financial Aid office is required to compare the information provided on the FAFSA with information reported on your (your spouse's if married, or parent's if dependent) federal tax information/W-2's and Urbana's internal verification forms. You can be selected for the verification process by the government or through an internal selection process.
If you are selected for verification, any aid offered will not be official until all documents have been received and reviewed for accuracy.
If you have been selected for verification, Urbana will notify you via email of what documents you need to submit.
For Direct and FFEL Loans, contact your loan servicer. If you do not know who your servicer is, you can look it up in the U.S. Department of Education’s National Student Loan Data System.
There are situations in which your file can be modified to reflect your current financial situation. You would need to complete a Special Circumstance Appeal to have a Financial Aid Counselor review your file. Situations that could be considered include loss of job (student, parent or spouse), divorce, or extremely high medical costs. If you would like to appeal, you must make an appointment with an Urbana Financial Aid Counselor to discuss the requirements and to obtain an appeal form.
Please Note: You must wait at least ten weeks after your financial circumstance changed before you can make an appointment.
Urbana will award aid based on full-time enrollment. MBA with an Emphasis in Healthcare students will be awarded based on half-time enrollment. Any change in enrollment may also change aid eligibility. Grant funds are pro-rated to your current enrollment; therefore, the amount on the award letter may differ from actual eligibility. You should always contact the Financial Aid Office to obtain information regarding updates to your financial aid eligibility depending on enrollment status.
579 College Way
Urbana, OH 43078
Or fax to (937) 484-1251 (fax must come directly from undergraduate institution)
If your college participates in an electronic transcript program, those may be emailed from that service to MBAhealthcare@urbana.edu
Nine courses are required. Each course is 4 credits.
Four terms are offered per year, if you take one class per term you can complete the program in 2.5 years. Most students will take one course every other term (12 weeks on and 12 weeks off) through Basic Sciences and take fewer breaks during Clinical Rotations to complete the program in 4 years.
Yes! You can take up to 5 years to complete the program from the time you start. If you need to take a term or two off, you will not be eligible for a loan for that term. However, the loans for your MBA won’t go into repayment as long as your time off does not extend beyond 6 consecutive months.
Yes! Just send an email to MBAhealthcare@urbana.edu
- Submit a release form
- Update your FAFSA
- Wait for a decision and your login information
- Email for application status at any time: MBAhealthcare@urbana.edu
You may begin at any semester during your medical school studies or any term at in the MBA. See Deadlines and Dates.
At least 4 credits every other MBA term.
Yes! The program is designed for non-business majors. All students begin with the MBA Essentials course that paves the way for the rest of the program.
Yes! Transfer credit will be awarded for successfully completed MBA classes at another school. Once an application is submitted, have official transcripts sent to:
579 College Way
Urbana, OH 43078
Or fax to (937) 484-1251 (fax must come directly from graduate institution)
Email MBAhealthcare@urbana.edu to ask a question or set up an appointment.
The Urbana University business office will mail reimbursement checks 3 weeks after the start of the term to the U.S. address you designate in your FAFSA.
No, the programs are separate. Academic standing at your medical school will not affect eligibility in the MBA and vice versa.
Yes. Graduates of the MBA program will be invited to Commencement ceremonies in Urbana, Ohio, after completion of their degree.
New students will be registered for “MBA Essentials” on receipt of a program plan. Returning students should contact MBAhealthcare@urbana.edu for registration instructions.